11 Oct 2011The rand fell nearly 2% against the dollar on Tuesday, with traders saying the bearish trend is not over.
Its losses made it the session's second-worst performer of 20 emerging market currencies tracked by Reuters.
The rand hit a two-week high of R7.8060 in the previous session, then retreated after meeting resistance.
Government bonds followed the rand’s weak trend, with yields rising across the curve after an auction where there was poor demand for local debt.
http://www.fin24.com/Markets/Currencies/Rand-drops-further-against-dollar-20111011
